# Vanguard FTSE Emerging Markets UCITS ETF AccumUSD (VFEG)

**Page:** https://fundology.uk/fund/vfeg · ISIN IE00BK5BR733

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, VFEG (Vanguard FTSE Emerging Markets UCITS ETF AccumUSD, ISIN IE00BK5BR733) closed at £62.66 on the London Stock Exchange. Its ongoing charge is 0.17% a year (about £17 on £10,000). Over the five years to 13/11/2026 its total return was +31.0%, or +2.2% after UK CPIH inflation.

## Summary

Vanguard FTSE Emerging Markets UCITS ETF AccumUSD is an exchange-traded fund (ETF) from Vanguard, launched in 2019. It tracks the FTSE Emerging Index — companies in emerging economies such as China, India, Taiwan and Brazil. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.17% a year — about £17 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **£62.66** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | VFEG |
| ISIN | IE00BK5BR733 |
| Also listed as | VFEA (London Stock Exchange, US dollars) |
| Category | Emerging markets |
| Type | ETF |
| Provider | Vanguard |
| Tracks | FTSE Emerging Index |
| Income | Accumulating |
| Ongoing charge | 0.17% a year (£17 per £10,000) |
| Fund size | £1.9bn |
| Launched | 2019 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 24/09/2019 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +5.51% | +1.77% | income reinvested |
| 3 years | +48.58% | +34.23% | income reinvested |
| 5 years | +30.98% | +2.24% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Vanguard FTSE Emerging Markets UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund): 2022 −7.3%, 2023 +1.3%, 2024 +15.1%, 2025 +18.0%; 2026 to 13/11/2026 +4.9%. Returns of Vanguard FTSE Emerging Markets UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +12.3%; to 30/09/2025: +17.4%; to 30/09/2024: +15.9%; to 30/09/2023: +0.2%; to 30/09/2022: −7.6%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -7.3% | -15.1% | Price |
| 2023 | +1.3% | -2.8% | Price |
| 2024 | +15.1% | +11.1% | Price |
| 2025 | +18.0% | +14.0% | Price |
| 2026 to 13/11/2026 | +4.9% | +1.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 13.90% | -8.63% |
| 3 years | 13.23% | -11.26% |
| 5 years | 14.16% | -18.83% |

## Largest fall

Volatility of Vanguard FTSE Emerging Markets UCITS ETF AccumUSD in pounds, annualised from weekly returns to 13/11/2026: 13.9% over 1 year, 13.2% over 3 years, 14.2% over 5 years. Largest fall in the price of Vanguard FTSE Emerging Markets UCITS ETF AccumUSD since November 2021, in pounds: −17.0% from 19/11/2021 to 28/10/2022. The lowest 12-month return of Vanguard FTSE Emerging Markets UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) since January 2021 was −15.0% (12 months to 28/10/2022); the highest was +36.2% (12 months to 17/04/2026). On 13/11/2026 the price of Vanguard FTSE Emerging Markets UCITS ETF AccumUSD was 6.4% below its highest weekly close since November 2021 (25/09/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Vanguard FTSE Emerging Markets UCITS ETF AccumUSD 0.17% a year. Compared on 14/11/2026, 136 of the 151 other emerging-market share funds charge more, 1 the same and 14 less (share classes counted once).

## Funds tracking the same index

2 funds track FTSE Emerging Index, this one included and share classes counted once; their ongoing charges range from 0.17% to 0.17% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Vanguard FTSE Emerging Markets UCITS ETF | 0.17% | +5.5% | +48.6% | +30.9% |
| Vanguard FTSE Emerging Markets UCITS ETF AccumUSD (this fund) | 0.17% | +5.5% | +48.6% | +31.0% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.17%** per year (as of 14/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 31/10/2026, VFEG holds 2,365 positions, according to its published holdings. The largest is TSMC at 17.43% of the fund; the ten largest make up 30.2%.

### Top holdings

Largest positions (as of 31/10/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | TSMC | [2330](https://fundology.uk/stock/2330) | 17.43% |
| 2 | Tencent | [700](https://fundology.uk/stock/700) | 3.01% |
| 3 | Alibaba Group | [BABA](https://fundology.uk/stock/BABA) | 2.31% |
| 4 | MediaTek | [2454](https://fundology.uk/stock/2454) | 1.74% |
| 5 | China Construction Bank | [601939](https://fundology.uk/stock/601939) | 1.17% |
| 6 | Cash and cash equivalents | — | 1.15% |
| 7 | Hon Hai Precision Industry | [2317](https://fundology.uk/stock/2317) | 0.91% |
| 8 | Industrial and Commercial Bank of China | [601398](https://fundology.uk/stock/601398) | 0.86% |
| 9 | Petroleo Brasileiro | [PETR3](https://fundology.uk/stock/PETR3) | 0.84% |
| 10 | HDFC Bank | [HDFCBANK](https://fundology.uk/stock/HDFCBANK) | 0.82% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

Added up from the fund’s published holdings, as of 31/10/2026.

| Sector | Weight |
|---|---|
| Information Technology | 32.6% |
| Financials | 21.3% |
| Consumer Discretionary | 9.0% |
| Materials | 7.0% |
| Communication Services | 6.7% |
| Industrials | 6.2% |
| Energy | 4.3% |
| Consumer Staples | 3.5% |
| Other sectors | 7.8% |
| Not classified | 1.2% |

### By country

Added up from the fund’s published holdings, as of 31/10/2026.

| Country | Weight |
|---|---|
| Taiwan | 33.9% |
| Hong Kong | 20.3% |
| India | 15.8% |
| China | 4.6% |
| Brazil | 4.1% |
| South Africa | 3.7% |
| Saudi Arabia | 3.1% |
| Mexico | 2.3% |
| Other countries | 10.4% |
| Not classified | 1.1% |

### By type of asset

Added up from the fund’s published holdings, as of 31/10/2026.

| Type of asset | Weight |
|---|---|
| Equity | 98.3% |
| Cash and money market | 1.1% |

The 1,295 holdings on record (of 2,365 reported): https://fundology.uk/fund/vfeg/holdings

## Questions people ask

**What is the ongoing charge of VFEG?**

The ongoing charge of VFEG is 0.17% a year — about £17 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Vanguard FTSE Emerging Markets UCITS ETF AccumUSD 0.17% a year. Compared on 14/11/2026, 136 of the 151 other emerging-market share funds charge more, 1 the same and 14 less (share classes counted once).

**What does VFEG track?**

VFEG tracks the FTSE Emerging Index — companies in emerging economies such as China, India, Taiwan and Brazil.

**Is VFEG accumulating or distributing?**

VFEG is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of VFEG?**

The ISIN of VFEG is IE00BK5BR733. An ISIN identifies one exact share class of a fund; VFEG is its ticker on the London Stock Exchange. The same share class is also listed as VFEA (London Stock Exchange, US dollars).

**What does VFEG hold?**

As of 31/10/2026, VFEG holds 2,365 positions, according to its published holdings. The largest is TSMC at 17.43% of the fund; the ten largest make up 30.2%. Its ten largest holdings are TSMC (17.43%), Tencent (3.01%), Alibaba Group (2.31%), MediaTek (1.74%), China Construction Bank (1.17%), Cash and cash equivalents (1.15%), Hon Hai Precision Industry (0.91%), Industrial and Commercial Bank of China (0.86%), Petroleo Brasileiro (0.84%) and HDFC Bank (0.82%).

**What were VFEG’s returns in each of the last five years?**

Calendar-year returns of VFEG in pounds (price, with income reinvested in the fund): 2022 −7.3%, 2023 +1.3%, 2024 +15.1%, 2025 +18.0%; 2026 to 13/11/2026 +4.9%. Past performance is not a guide to future returns.

**How has VFEG done after inflation?**

Over the five years to 13/11/2026 VFEG’s total return was +31.0%, or +2.2% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at Vanguard](https://www.vanguard.co.uk/professional/product/etf/equity/9678/ftse-emerging-markets-ucits-etf-usd-accumulating)
- [Key investor information document (KIID)](https://fund-docs.vanguard.com/ie00bk5br733-en.pdf)
- [Factsheet](https://fund-docs.vanguard.com/FTSE_Emerging_Markets_UCITS_ETF_USD_Accumulating_9678_EU_INT_UK_EN.pdf)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.